Thrive Efficient Ecosystems: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Thrive Efficient Ecosystems
Largest movements
- Cash +€42,548
up €42,548 (+57.5%), from €73,935 to €116,483
mainly Net result for the year (+€82,023) and Tax, wage and social debts (+€30,302)
- Current investments +€37,500
new in 2025: €37,500
- Receivables within one year -€16,047
down €16,047 (-30.6%), from €52,527 to €36,480
of which Trade receivables: -€19,381
- Reserves +€33,788
up €33,788 (+39.2%), from €86,086 to €119,875
- Tax, wage and social debts +€30,302
up €30,302 (+78.4%), from €38,665 to €68,968
- Taxes +€5,451
up €5,451 (+19.6%), from €27,884 to €33,335
- Gross operating margin +€4,088
up €4,088 (+3.5%), from €115,256 to €119,344
- Financial charges +€2,354
up €2,354 (+194.8%), from €1,208 to €3,562
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,692 | €192,999 | +€64,306 | +50.0% |
| Fixed assets | 21/28 | €2,230 | €1,473 | -€757 | -33.9% |
| Tangible fixed assets | 22/27 | €2,230 | €1,473 | -€757 | -33.9% |
| Furniture and vehicles | 24 | €2,230 | €1,473 | -€757 | -33.9% |
| Current assets | 29/58 | €126,462 | €191,525 | +€65,063 | +51.4% |
| Amounts receivable within one year | 40/41 | €52,527 | €36,480 | -€16,047 | -30.6% |
| Trade receivables | 40 | €47,211 | €27,830 | -€19,381 | -41.1% |
| Other amounts receivable | 41 | €5,316 | €8,650 | +€3,334 | +62.7% |
| Current investments | 50/53 | - | €37,500 | +€37,500 | |
| Cash at bank and in hand | 54/58 | €73,935 | €116,483 | +€42,548 | +57.5% |
| Deferred charges and accrued income | 490/1 | - | €1,062 | +€1,062 | |
| Total equity and liabilities | 10/49 | €128,692 | €192,999 | +€64,306 | +50.0% |
| Equity | 10/15 | €88,086 | €121,875 | +€33,788 | +38.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €86,086 | €119,875 | +€33,788 | +39.2% |
| Distributable reserves | 133 | €86,086 | €119,875 | +€33,788 | +39.2% |
| Amounts payable | 17/49 | €40,606 | €71,124 | +€30,518 | +75.2% |
| Amounts payable within one year | 42/48 | €40,606 | €71,124 | +€30,518 | +75.2% |
| Financial debts | 43 | €1,691 | €156 | -€1,535 | -90.8% |
| Credit institutions | 430/8 | €1,691 | €156 | -€1,535 | -90.8% |
| Trade debts | 44 | €250 | €2,001 | +€1,751 | +701.0% |
| Suppliers | 440/4 | €250 | €2,001 | +€1,751 | +701.0% |
| Taxes, remuneration and social security | 45 | €38,665 | €68,968 | +€30,302 | +78.4% |
| Taxes | 450/3 | €38,665 | €68,968 | +€30,302 | +78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40 | €757 | +€717 | +1788.6% |
| Other operating charges | 640/8 | €53 | €46 | -€7 | -13.2% |
| Gross operating margin | 9900 | €115,256 | €119,344 | +€4,088 | +3.5% |
| Operating profit (loss) | 9901 | €115,163 | €118,542 | +€3,378 | +2.9% |
| Financial income | 75/76B | €15 | €379 | +€364 | +2427.8% |
| Recurring financial income | 75 | €15 | €379 | +€364 | +2427.8% |
| Financial charges | 65/66B | €1,208 | €3,562 | +€2,354 | +194.8% |
| Recurring financial charges | 65 | €1,208 | €3,562 | +€2,354 | +194.8% |
| Profit (loss) for the period before taxes | 9903 | €113,970 | €115,358 | +€1,388 | +1.2% |
| Income taxes | 67/77 | €27,884 | €33,335 | +€5,451 | +19.6% |
| Profit (loss) for the period | 9904 | €86,086 | €82,023 | -€4,063 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,086 | €82,023 | -€4,063 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.